Sponsors (5)
The bill increases federal oversight and transparency to protect U.S. agricultural land and areas near military installations from foreign influence—strengthening national security and public knowledge—while imposing new reporting, review, and eligibility rules that raise costs, slow transactions, and may reduce investment in rural communities.
Farmers, rural communities, and residents near military installations will see increased federal screening of foreign purchases and leases of agricultural and nearby property, reducing the risk of foreign-controlled access or influence over U.S. food production and sensitive sites.
State and local officials, researchers, and the public will gain clearer, county-level and national data and reporting on foreign ownership and leases of agricultural land, improving planning, oversight, and monitoring of foreign investment trends.
Taxpayers and U.S. federal programs will be protected from indirectly funding entities with covered foreign ownership because recipients with certain covered foreign ties become ineligible for federal farm subsidies or assistance.
Homebuyers, farmers, investors, and lessees will face more regulatory uncertainty, delays, and compliance costs because more land and real estate transactions are subject to mandatory federal review and expanded reporting.
Farmers, rural communities, and local economies may experience reduced demand, lost investment, or lower property values if foreign buyers from designated countries are blocked or if leases/investments are discouraged by broader reporting and eligibility rules.
U.S. persons who jointly own or lease farmland with covered foreign nationals risk losing eligibility for federal farm subsidies, loans, or program benefits, reducing available capital for some farms.
Based on analysis of 6 sections of legislative text.
Introduced March 12, 2025 by James Lankford · Last progress March 12, 2025
Expands U.S. national-security review and reporting of foreign holdings in U.S. agricultural land and certain near-base real estate. It gives the Committee on Foreign Investment in the United States (CFIUS) authority to review acquisitions, transfers, and leases of agricultural land and real estate within 50 miles of military installations when the buyer/owner is from countries designated as nonmarket economies or identified by the Director of National Intelligence as posing a security risk. The bill also bars federal agencies from providing assistance (including subsidies) to agricultural land holdings that are wholly or partly owned by such covered foreign persons, broadens foreign-land disclosure rules to include leases and removes acreage-based exclusions, and requires the Secretary of Agriculture to publish an annual, county-level public report on foreign agricultural land holdings with special attention to China, Russia, and other countries of concern.